Model N, Inc. (NYSE:MODN) is reporting fourth quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MODN is expected to report 4Q20 income of $ 0.09 per share from revenue of $ 40.42 million.
For the full year, analysts anticipate top line of $ 160.11 million, while looking forward to income of $ 0.43 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 0.07 ~ $ 0.09 per share, while revenues are expected in a range of $ 40.10 million ~ $ 40.50 million
Full Year 2020 topline are forecasted in a range of$ 159.70 million ~ $ 160.10 million, where as bottomline are predicted in a range of $ 0.41 ~ $ 0.43 per share
Click Here For More Historical Outlooks Of Model N, Inc.
Previous Quarter Performance
Model N, Inc. reported income for the third quarter of $ 0.15 per share, from the revenue of $ 41.26 million. The quarterly earnings extended 150.00 percent compared with the same quarter last year. Wall street analysts are predicting, MODN to report 3Q20 income of $ 0.06 per share from revenue of $ 39.57 million. The bottom line results beat street analysts by $ 0.09 or 150.00 percent, at the same time, top line results outshined analysts by $ 1.69 million or 4.27 percent.
Stock Performance
Shares of Model N, Inc. traded low $ -0.13 or -0.37 percent on Monday, reaching $ 35.46 with volume of 231.50 thousand shares. Model N, Inc. has traded high as $ 37.69 and has cracked $ 35.42 on the downward trend
According to the previous trading day, closing price of $ 35.46, representing a 137.27 % increase from the 52 week low of $ 15.00 and a 20.13 % decrease over the 52 week high of $ 44.56.
The company has a market capital of $ 1.23 billion and is part of the Technology sector and Software – Application industry.
Model N, Inc. provides revenue management cloud solutions for the life sciences and technology companies. The companys cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, and Revenue Cloud for Semiconductors and High Tech Manufacturing.
